| Description |
1 online resource (58 pages). |
|
text file |
| Series |
IMF Working Papers
|
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IMF Working Papers.
|
| Contents |
Cover; Banks, Firms, and Jobs; 1 Introduction; 2 Data; 3 Identification strategy; 4 Results; 5 Extensions; 6 Conclusions; References. |
| Summary |
We analyze the employment effects of financial shocks using a rich data set of job contracts, matched with the universe of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of the reduction in employment. This result is concentrated in more levered and less productive firms. Also, the relatively less educated and less skilled workers with temporary contracts are the most affected. Our results are consistent with the cleansing role of financial shocks. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Financial crises.
|
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Financial crises. |
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Banks and banking.
|
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Banks and banking. |
| Genre/Form |
Electronic books.
|
| Added Author |
Mocetti, Sauro.
|
|
Presbitero, Andrea.
|
| Other Form: |
Print version: Berton, Fabio. Banks, Firms, and Jobs. Washington, D.C. : International Monetary Fund, ©2017 9781475579017 |
| ISBN |
9781475584653 (electronic book) |
|
1475584652 (electronic book) |
|
1475584652 |
|
1475579012 |
|
9781475579017 |
| ISSN |
1018-5941 |
| Standard No. |
10.5089/9781475579017.001 |
|
